248 Adams Street Bay City, MI 48708
Listing Courtesy of: MIREALSOURCE / Century 21 Signature Realty / Tom Webb

  248 Adams Street Bay City, MI 48708

Active (1 Days)
$119,000 (USD)
6
BED
2
BATH
1,922
SQFT

Description

Land Contract Opportunity – Income-Generating 2-Unit Apartment Building! This 2-unit apartment building is available for land contract, offering a more borrower-friendly approval process than traditional banks. The property features two 3-bedroom, 1-bath units, both currently rented, providing immediate rental income. Ideal for investors or buyers seeking steady cash flow, this property also offers potential for updates and increased returns. Land contract terms: 20% down, 10% interest, 30 year term. Tenant rent: $850/775 - 1 unit lease month to month, 2nd unit lease up March 31 2026

MLS #:
50196126
Taxes
$2,823(2025)
Lot Size
4,356 SQFT
Type
Multifamily
Year Built
1900
School District
Bay City School District
County
Bay County
Community
Lot 14 Blk 115 Lower Saginaw

Listed By

Tom Webb, Century 21 Signature Realty
Source
MIREALSOURCE
Last checked Dec 16 2025 at 12:34 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Interior Features
  • Refrigerator
  • Range/Oven
  • Living Room
  • Laundry: First Floor Laundry
Subdivision
  • Lot 14 Blk 115 Lower Saginaw
Lot Information
  • Sidewalks
  • Platted
  • Subdivision
Property Features
  • Foundation: Basement
Heating and Cooling
  • Forced Air
  • Ceiling Fan(s)
Basement Information
  • Block
  • Exterior Entry
Utility Information
  • Sewer: Public Sanitary
Parking
  • 2 Spaces
  • On Street
  • Total: 2
  • Unassigned
Stories
  • 2
Living Area
  • 1,922 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
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Mortgage calculator estimates are provided by C21 Signature Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2023 MiRealSource, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/20/23 10:38